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OPM Capital

Deal-by-Deal Fund-of-One (Single Asset Vehicle)

Raise fresh LP capital for each deal — no blind-pool fundraise required.

Overview

Instead of a committed blind-pool fund, sponsors raise a new SPV/LLC for each deal (single-asset vehicle). Fees are per-deal (1–2% acquisition fee, 20% promote over 8% pref). Easier for first-time sponsors who lack track record for a committed fund. Reg D 506(b) or 506(c). Enables OPM-driven scaling without institutional fund infrastructure.

Best fit
First-time sponsorsReal estate operatorsSearch-fund graduates
Estimated impact
Deploy $1M–$25M per deal without personal capital at risk beyond GP co-invest

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